IHG Signs Deal for New InterContinental Hotel
in West Jakarta

InterContinental Hotels Group has signed a management agreement with Ciputra Puri Trisula to develop an InterContinental hotel in Jakarta.

Located in the central business district (CBD) of West Jakarta, Puri Kembangan, the new development will comprise the 200-room
InterContinental Jakarta West and 150-key InterContinental Jakarta
West Residences.

The new InterContinental Jakarta
West & InterContinental Jakarta West Residences will be part of
the 7.4-hectare Ciputra International complex owned by PT. Ciputra Puri Trisula, which will comprise ten high-rise towers. When
complete, InterContinental Jakarta West will be situated alongside
six office buildings and three apartment blocks, linked by a
lifestyle and retail section.

The hotel will
feature a number of food and beverage options, including an
all-day dining, a deli, a specialty restaurant and a lobby
lounge. Guests opting for some time away from the bustle of the city can take respite at the spa or the club lounge, whilst those
staying at the serviced apartments can take a break at the
residents' lounge or enjoy joint facilities such as the pool and
health club.

Catering for meetings and events,
InterContinental Jakarta West will also offer a ballroom, meetings
spaces as well as a business centre for guests who require access
to business facilities on the go.

The hotel is located along the recently
completed Jakarta Outer Ring Road, which is a short distance from
the Soekarno-Hatta International Airport and provides access
to core areas of the city.

Clarence Tan, Senior
Vice President, Development, Asia, Middle East & Africa (AMEA),
IHG, said, "Indonesia has been a key growth market for IHG in
recent years and the country now holds our largest pipeline in
South East Asia. There is still much room for growth in the
various cities across the country and West Jakarta, as one of the
fastest growing districts in the city and the capitalís next CBD,
is the ideal location to open our second InterContinental in
Jakarta. We are delighted to be working with PT. Ciputra Puri
Trisula to launch InterContinental Jakarta West and are confident
the hotel and serviced apartments will be a huge draw to guests
travelling to Jakarta for both business and leisure."

IHG currently has
13 properties across four brands in Indonesia: InterContinental,
Crowne Plaza, Holiday Inn and Holiday Inn Express. There are
currently two InterContinental hotels in Indonesia: InterContinental Jakarta Midplaza and InterContinental Bali.

InterContinental Jakarta West joins a pipeline of 29
properties opening in Indonesia over the next three to five years.
There are four InterContinental hotels and resorts in the
pipeline, including InterContinental Dago Pakar and
InterContinental Bali Canggu Resort.